Filing Flows › Flexible Solutions International (FSI) › Q2 2025
Flexible Solutions International (FSI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Flexible Solutions International (FSI) reported revenue of $11.4M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +52% from the quarter before. Operating margin was 29.0%, net earnings $2.0M (17.8% of revenue).
Flexible Solutions International, Q2 2025: revenue $11.4M (+8% year over year), operating margin 29.0%, net earnings $2.0M, operating cash flow $5.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.4M | +52% | +8% |
| Gross profit | $5.4M | +176% | +37% |
| Operating profit | $3.3M | — | +67% |
| Net earnings | $2.0M | — | +57% |
| Operating cash flow | $5.3M | — | -11% |
| Free cash flow | $4.3M | — | -9% |
What changed
Revenue was $11.4M in Q2 2025, up 8% year over year and up 52% from the previous quarter. Product was the largest line at 78% of revenue. Product declined 16%.
Gross margin was 47.4%, up 10.0 points from a year earlier. Operating profit was $3.3M, a 29.0% margin (up 10.3 points year over year). Of the extra revenue versus a year earlier, 158% reached operating profit, above the 19% margin then. Operating expenses grew 6% against revenue growth of 8%. The fastest-growing cost line was Research & development (+168%). Net earnings were $2.0M, up 57% year over year. The effective tax rate was 32.1%.
Operating cash flow was $5.3M (down 11% year over year), 246% of net income including minority interests. Non-cash charges added back $495K of depreciation and amortization and $98K of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $1.0M left free cash flow of $4.3M.
Questions
What was Flexible Solutions International's revenue in the second quarter 2025?
Flexible Solutions International (FSI) reported revenue of $11.4M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +52% from the quarter before.
Was Flexible Solutions International profitable in the second quarter 2025?
Operating profit was $3.3M (29.0% of revenue) and net earnings $2.0M.